Summit Investment Advisors Inc. Sells 278 Shares of TopBuild Corp. (NYSE:BLD)

Summit Investment Advisors Inc. cut its stake in TopBuild Corp. (NYSE:BLD) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 5,873 shares of the construction company’s stock after selling 278 shares during the period. Summit Investment Advisors Inc.’s holdings in TopBuild were worth $1,828,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BLD. Winch Advisory Services LLC bought a new position in TopBuild in the fourth quarter worth about $26,000. Versant Capital Management Inc grew its holdings in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild in the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC lifted its stake in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares during the period. Finally, World Investment Advisors LLC bought a new stake in shares of TopBuild during the third quarter valued at approximately $54,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of BLD opened at $287.44 on Wednesday. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The company has a market capitalization of $8.41 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The firm has a 50 day moving average of $305.21 and a 200 day moving average of $339.39. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.69 EPS. As a group, equities research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price objective for the company. The Goldman Sachs Group lowered their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Benchmark cut their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Loop Capital lowered their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Truist Financial cut their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.